Sr. Product Manager, Lending

Scratch Financial; United States; Hybrid; USD 150,000 - 175,000; Full time

Benefits offered by this job

Remote-friendly

Pasadena office access

Unlimited PTO

Healthcare coverage

401k match

Parental leave

Job summary

Scratch Financial is seeking a Sr. Product Manager for Lending to own end-to-end lending experiences from origination to servicing.

You will set strategy and roadmap for fair, affordable credit for pet parents, partnering with engineering, risk, credit, finance, and sponsor banks to deliver fast, transparent, and responsible lending. You will drive strategy for POS/BNPL, longer-term installment plans, and servicing tools, while collaborating with API partners and data science to improve

Qualifications

• Experience with consumer lending, underwriting, and risk assessment.
• Proven ability to navigate sponsor-bank partnerships and regulatory requirements.
• Strong communication and documentation skills across cross-functional teams.

Responsibilities

• Own lending product strategy, roadmap, and execution for POS/BNPL offerings.
• Collaborate with engineering, risk, and compliance to launch and optimize flows.
• Develop and refine underwriting models and cashflow tools.
• partner with data science to improve approval rates while controlling losses.

Skills

Credit underwriting

Risk assessment

A/B testing

Stakeholder comms

Agile teams

Tools

APIs

Credit bureau data

Job description

About Scratch

Scratch Financial ("Scratch") is a Series C financial technology startup based in Los Angeles, California. Our goal is to make difficult financial decisions simple and increase accessibility to fair, affordable, and transparent medical financing. Driven by our award-winning technology, Scratch has become the fastest growing financing provider in veterinary care, with a partner network of 15,000+ practices across the U.S. and Canada.

Scratch Has 2 Main Products

• Scratch Pay: Point-of-sale lending, including a BNPL offering and longer-term payment plans


• Scratch Checkout: Payment processing that is integrated with the veterinary practice management software

If putting compassion first, helping tell the story of groundbreaking products and continuously learning & refining to achieve exceptional outcomes sounds like you, then we encourage you to apply.

About The Role

As Sr. Product Manager for Lending, you'll have end-to-end ownership of Scratch's lending products, from origination through underwriting and servicing. You will set the strategy and roadmap for how we extend fair, affordable credit to pet parents, working closely with engineering, design, risk, credit, finance, servicing, compliance, and our sponsor bank partners to build lending experiences that are fast, transparent, and responsible.

What You'll Do

• Assist the strategy, roadmap, and execution for lending products, including:
  
  
  
  • Point-of-sale lending and BNPL offerings
  
  
  • Longer-term installment and payment plans
  
  
  • Credit decisioning and application flows
  
  
  • Loan servicing and account management tools
  
  
  • Feature flag management across lending environments
  
  
  • Creation of new offerings such as wellness and/or subscription services
  
  
  
  


• Manage and grow relationships with sponsor bank partners as well as our loan management software provider, ensuring product decisions align with partnership agreements, risk appetite, and regulatory requirements


• Own and evolve partner API solutions, including integrations with credit bureaus and alternative data providers for underwriting and risk model scoring


• Own and evolve customer facing tools such as the application funnel and borrower servicing portal


• Partner with data science and risk teams to build and refine cashflow underwriting tools and credit risk models that improve approval rates while managing loss exposure


• Collaborate with an Agile pod of engineers, QA, and design to define product requirements, prototype new lending flows, and ship features on time


• Drive a rigorous testing and experimentation practice, including A/B testing of underwriting criteria, application flows, and servicing experiences


• Own clear, thorough documentation of product requirements, underwriting logic, and decisioning rules for cross-functional and regulatory audiences


• Collaborate with legal, compliance, and operations to ensure lending products meet all applicable regulatory requirements (e.g., state lending laws, TILA/Reg Z, fair lending)


• Act as the product alpha for all things lending, making data-driven decisions using both internal performance data and external benchmarks

What We Are Looking For

• Deep knowledge of consumer lending: underwriting, credit decisioning, loan origination, servicing, collections, and the regulatory landscape (state lending laws, TILA/Reg Z, fair lending, etc.)


• Experience operating and navigating sponsor-bank partnership models


• Experience with partner APIs to facilitate b2b client relationships


• Familiarity with data ingestion and advanced model scoring, ideally related to underwriting and credit risk model scoring using credit bureau (e.g., Experian, Equifax, TransUnion) or alternative data sources (e.g. cashflow underwriting)


• Strong experimentation muscle, including hands-on experience running A/B tests to optimize underwriting and product outcomes


• Comfort with prototyping and iterating quickly with design and engineering to test new lending concepts


• Proven success working with cross-functional agile teams, including risk, compliance, and data science


• Strong documentation and stakeholder communication skills - be the alpha and the translator


• Bonus points if you've worked in veterinary, healthcare, or care-adjacent industries

Why You'll Love Working Here

• Competitive base salary ranging from $150,000 - $175,000 + equity

Scratch is a remote-friendly company, giving flexibility to today's working style. For those who prefer a hybrid model, we do have an office space in Pasadena available for use (which is stocked with snacks & beverages). We offer unlimited PTO, covered healthcare, 401k match, cell plan reimbursement, and monthly recognition opportunities. We also provide learning platforms and resources for all to keep growing. Not only that, but we have an equity retention policy to ensure you grow as the company grows financially, as well. And if your family is growing, we offer generous parental leave, too!

Scratch is committed to diversity in its workforce and is proud to be an equal opportunity employer. Scratch considers qualified applicants without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.